Answer:
The correct answer is:
$6,998.64 favorable (b)
Explanation:
The direct labor rate/price variance is the difference between the standard cost of production and the actual cost incurred in the production process. If the actual rate of labor is less than the standard labor rate, it is said to be favorable, because lesser time is used in the production process than estimated. The reverse is the case for unfavorable direct labor rate variance.
The formula is given as:
Direct Labor Rate Variance = (SR - AR) × AH
Where
SR = standard rate = $12.88 per hour
AR = actual rate = $12.00 per hour
AH = actual direct labor hours = 7,953 hours
∴ Direct labor rate variance = (12.88 - 12.00) × 7,953 = $6,998.64 favorable
Patience and controlling , tense
Answer:
What are the businesses that are listed?
Explanation:
Answer: e. 0.20
Explanation:
The Reserve Requirement is a reserve that the central bank of a country requires that Banks hold in case people started making sudden withdrawals. This way the bank is not in danger of being unable to meet those demands.
The Reserve Requirement is a ratio to the Deposits in the bank by the public.
From the above, the deposits to the bank total $100 million.
The Required Reserves totals $20 million.
This means that the Required Reserves are,
= 20 million / 100 million
= 0.20
